Mon, Jul 1, 2013 8:22 PM EDT 1:00
President Obama is in sub-Saharan Africa this week where he is likely to find a continent at a crossroads. Economies are growing, the middle class is expanding, yet millions of Africans lack access to electricity. Taking on the challenge of increasing reliable electricity across the continent is not only a development imperative, but it is a great opportunity for businesses both in Africa and here in the U.S. to do well by doing good. President Barack Obama courted African business leaders and announced new trade initiatives to open up East Africa's markets to American businesses, as he sought to counter the rise of Chinese economic influence in the growing continent. Basking in an exuberant welcome from streets teaming with well-wishers, President Barack Obama on Monday declared a new era in U.S. relations with Africa based on partnership as opposed to charitable aid.